Market Sectors

New Jersey has an unmatched location and a population that developers dream about. It’s no wonder the commercial real estate industry is flourishing and evolving across all segments of the market.

Finance & Capital Markets
Procida touts completion of Northvale condo project after $14.5 million construction loan

A developer has completed an upscale active adult condominium complex in Bergen County with the help of a recent $14.5 million construction loan by Procida Funding.

Retail
LMC: Ulta Beauty debuts 10,000 sq. ft. location in Woodbridge

National retailer Ulta Beauty has opened its doors at a busy 343,000-square-foot retail center in Woodbridge, according to a team with Levin Management Corp.

Residential & Mixed Use
Rowan students visit Riverside for up-close look at 190-unit Kokes multifamily project

Kokes Properties recently welcomed a group of Rowan University students to the site of its new 190-unit multifamily development in Burlington County.

Editor’s Note
Profeta highlights parents’ legacy of education, as NJIT unveils new real estate center

The New Jersey Institute of Technology unveiled the new Paul Profeta Real Estate Technology, Design and Innovation Center, made possible by the largest-ever gift to the Newark-based university.

Events
ULI to honor top New Jersey projects, industry players at 2022 awards gala

The Urban Land Institute of Northern New Jersey is set to honor more than a dozen commercial real estate projects, deals and industry leaders as part of its upcoming annual awards gala.

Office
LPC touts 12,000 sq. ft. in new leases among recent deals at Parsippany office building

The owner of a Parsippany office building has inked three new leases for a total of nearly 12,000 square feet, while also completing a series of renewals and expansions at the property.

Finance & Capital Markets
C&W: Camber adds 260,000 sq. ft. Pine Brook warehouse with $25 million acquisition loan

Camber Real Estate Partners has landed nearly $25 million in financing for its purchase of an industrial building in Morris County, brokers with Cushman & Wakefield announced.

Residential & Mixed Use
JLL inks sale of 209-unit Stamford apartment tower

An investment group has sold a 209-unit apartment tower in downtown Stamford, Connecticut, in a deal arranged by JLL’s New Jersey-based capital markets team.

Office
Insurance firms lease 43,000 sq. ft. at LeFrak-owned office building in Jersey City

Two insurance firms have signed new leases along the Jersey City waterfront, combining for nearly 43,000 square feet at a LeFrak-owned office building.

People
Saxum taps former REIT executive as new chief operating officer

Saxum Real Estate has named a new chief operating officer, tapping a veteran commercial real estate executive with a career that spans more than three decades.